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NetLedger partners up with ADP to offer online accounting solution

SAN MATEO, Calif.—March 13, 2000—NetLedger, Inc., the world’s leading provider of a Web-based accounting solution for small businesses, today announced an exclusive partnership with Automatic Data Processing, Inc. (NYSE: AUD), the world’s leading provider of integrated payroll, human resources and benefits administration services. As a result of today’s announcement, NetLedger’s online accounting solution will be integrated with ADP’s EasyPayNet online payroll solution. NetLedger and ADP will soon be able to offer their customers a comprehensive accounting and payroll solution that provides flexible access anytime, anywhere, from any computer linked to the Internet.

Under the terms of the agreement, NetLedger and ADP will provide small business customers the capability to automatically update their general ledger and other accounts as payroll is processed. utilising both EasyPayNet and NetLedger, customers can save time and money, while focusing on critical business tasks.

“I am very excited about this alliance with ADP,” said Bill Mirbach, president and chief executive officer of NetLedger Inc. “This partnership exemplifies ADP’s commitment to continuously enhancing its online solutions portfolio by offering the best browser-based accounting service available. I am pleased that NetLedger’s accounting solution will be offered by such a respected industry leader.”

“NetLedger’s anytime, anywhere accessibility, its ease-of-use and Oracle 8i reliability and security are truly complementary to our existing online payroll solutions,” said Brad Smith, Vice President and General Manager, ADP e-Business Services Group. “NetLedger’s accounting solution is a perfect fit for EasyPayNet. Through this partnership, we can offer small and emerging businesses the combined power of two industry leading solutions to efficiently manage their payroll and accounting tasks.”

EasyPayNet

ADP’s EasyPayNet(SM) online payroll solution is part of ADP e-Business Services’ suite of online solutions designed to help small and emerging business owners manage all aspects of the employee lifecycle, from staffing and managing, to paying and retaining their employees. With seamless integration between ADP’s value-added services, including tax filing, direct deposit and retirement planning, EasyPayNet leverages the power of the Internet to provide business owners with new levels of flexibility, control and convenience in managing their payroll while retaining the dependable, high-quality service of traditional ADP solutions.